116
116
Nov 24, 2012
11/12
by
FBC
tv
eye 116
favorite 0
quote 0
. >> well, at some point, everyons says in washington we have to do something about the deficit, and here's a good place to start.str if you need to actually bring i, revenue, the best place to do it is where it does theeast rm.hat that's on tax cuts for the wealthy. that's something that's really unassailable. now, if we were in conditions when we didn't have any deficiti issues, of course, we wouldn't have a need to raise taxes on anyone one, but we have competing priorities and have to find a way to pay for them. melissa: we have a spendingwe problem, h drunken sailors, a credit car to run forever, and we just can't. >> that also has consequences.ee as everyone knows with the looming so-called fiscal cliff discussion, if you cut too muchu you also drive the economy into an abyss so, you know, we'd all like to say we cut spending and live within our means, but it's not as simple as that.ple you can also cut spending too much so that you actually hurtrt the economy you're supposed to help. melissa: so, i agree with whath you are saying, and this is too civil. i got to derail it some
. >> well, at some point, everyons says in washington we have to do something about the deficit, and here's a good place to start.str if you need to actually bring i, revenue, the best place to do it is where it does theeast rm.hat that's on tax cuts for the wealthy. that's something that's really unassailable. now, if we were in conditions when we didn't have any deficiti issues, of course, we wouldn't have a need to raise taxes on anyone one, but we have competing priorities and have to...
70
70
Nov 21, 2012
11/12
by
CSPAN2
tv
eye 70
favorite 0
quote 0
because we have an incredible plan to get on top of debt and deficit, to show how we will pay our way in the world we have record low interest rates. low interest rates described by the shatter chancellor as a key test of economic credibility. >> ed miller band? >> can i start by joining the prime minister in paying tribute to walter berry of first battalion richmond of scotland. he should yet most courage and bravery and all our thoughts and condolences are for his family and friends. can also express my deep or about loss of life in israel and gaza in recent days including the latest polling terrorist attack on a bus in tel aviv. there's widespread support on all sides of the house for an immediate and durable cease-fire being agreed in israel and gaza. will the prime minister set out in his view their main barriers to the cease-fire agreement now being reached? >> i agree with right hon. gentleman about the appalling news this morning about the terrorist attack on a bus in tel leave and also express our deep concern at the intolerable situation in southern israel and the grave loss
because we have an incredible plan to get on top of debt and deficit, to show how we will pay our way in the world we have record low interest rates. low interest rates described by the shatter chancellor as a key test of economic credibility. >> ed miller band? >> can i start by joining the prime minister in paying tribute to walter berry of first battalion richmond of scotland. he should yet most courage and bravery and all our thoughts and condolences are for his family and...
104
104
Nov 26, 2012
11/12
by
CSPAN
tv
eye 104
favorite 0
quote 0
because we have an incredible plan to get on top of debt and deficit, to show how we will pay our way in the world we have record low interest rates. low interest rates described by the shatter chancellor as a key test of economic credibility. >> ed miller band? >> can i start by joining the prime minister in paying tribute to walter berry of first battalion richmond of scotland. he should yet most courage and bravery and all our thoughts and condolences are for his family and fries. can also express my deep or about loss of life in israel and gaza in recent days including the latest polling terrorist attack on a bus in tel aviv. there's widespread support on all sides of the house for an immediate and durable cease-fire ing agreed in israel and gaza. will the prime minister set out in his view their main barriers tohe cease-fire agreement now being reached? >> i agree with right hon. gentleman about the appalling news this morning about the terrorist attack on a bus in tel leave and also express our deep concern at the intolerable situation in southern israel and the grave loss of li
because we have an incredible plan to get on top of debt and deficit, to show how we will pay our way in the world we have record low interest rates. low interest rates described by the shatter chancellor as a key test of economic credibility. >> ed miller band? >> can i start by joining the prime minister in paying tribute to walter berry of first battalion richmond of scotland. he should yet most courage and bravery and all our thoughts and condolences are for his family and...
105
105
Nov 28, 2012
11/12
by
CSPAN2
tv
eye 105
favorite 0
quote 0
a growth strategy that's not delivery and a deficit that is rising. it is a government that is failing, a prime minister that is failing, and -- >> calm down, calm down. [shouting] >> he just can't keep his cool when he knows he is losing the argument, mr. speaker,. [shouting] and it's the british people are paying the price for his failure. [shouting] >> i think what we can see is the leadership that is a drowning. >> this scrap the jobs tax, enterprise the enterprise zone. that is funded one many apprenticeships, that is rebuilding our economy, that these 1 million more people in private sector work. we're putting the country back to work. their party reckitt. [shouting] >> thank you, mr. speaker. will the prime minister join me in congratulating the formula one team on winning the world championship for three years in a row? another fine example of british technological innovation. >> i'm delighted to praise and they traded to the formula one team based in his constituency, which sadly be the formula one team based in my constituency. but it is act
a growth strategy that's not delivery and a deficit that is rising. it is a government that is failing, a prime minister that is failing, and -- >> calm down, calm down. [shouting] >> he just can't keep his cool when he knows he is losing the argument, mr. speaker,. [shouting] and it's the british people are paying the price for his failure. [shouting] >> i think what we can see is the leadership that is a drowning. >> this scrap the jobs tax, enterprise the enterprise...
26
26
tv
eye 26
favorite 0
quote 0
by twenty twenty in order to get the money how is that possible if the deficit only continues to grow out ever going to make the middle you think well i think you kind of answering your own question there kevin because if you have a kind of the policy that keeps kind of a growing economy leading the deficit took a lot of course there's no way. it will ever go down you don't really need an economist to tell you that. it's a fallacy in the entire system in an entire way that greece's. situation has been dealt with all together. i know what we said just now the world keeps true but we can't underestimate how many people are suffering in your country it's a tough tough time of course at this time as well the i.m.f. i don't you saw the story a state mistakenly sent out a letter to athens didn't it demanding more job cuts after greece already agreed to thousands of layoffs previously is a mistake but was saying anyway how can such a respectable organization make such a huge error when we're talking about people's lifeline their jobs. exactly you tell me i mean as you sure you know in the jo
by twenty twenty in order to get the money how is that possible if the deficit only continues to grow out ever going to make the middle you think well i think you kind of answering your own question there kevin because if you have a kind of the policy that keeps kind of a growing economy leading the deficit took a lot of course there's no way. it will ever go down you don't really need an economist to tell you that. it's a fallacy in the entire system in an entire way that greece's. situation...
120
120
Nov 21, 2012
11/12
by
KCSMMHZ
tv
eye 120
favorite 0
quote 0
the deficit came in at $6.7 billion. exports fell by 6.5% from a year earlier. exports have fallen five months in a row. cars and steel led the drop and imports fell by 1.6% from a year earlier. exports to europe tumbled more than 20%. the debt crisis has dampened demand. exports to china fell more than 11%. consumers upset about the material -- territorial dispute are shying away from japanese goods. >>> serieses say the settlement body upheld most of the -- wto officials sent a final report to the parties involved. the document advises ontario to rer rectify the issue. the wto says the -- canadian officials may appeal the decision. >>> tokyo stock exchange officials are calling on small businesses in south korea to list their shares on the tokyo boards. the tse made the promotion in a seminar in seoul on wednesday. the event was held by an organization that helps enterprises to raise funds and enter foreign markets. more than 200 south korean companies including those from the information technology sector took part. officials from the tse said investors in to
the deficit came in at $6.7 billion. exports fell by 6.5% from a year earlier. exports have fallen five months in a row. cars and steel led the drop and imports fell by 1.6% from a year earlier. exports to europe tumbled more than 20%. the debt crisis has dampened demand. exports to china fell more than 11%. consumers upset about the material -- territorial dispute are shying away from japanese goods. >>> serieses say the settlement body upheld most of the -- wto officials sent a final...
51
51
Nov 26, 2012
11/12
by
CSPAN
tv
eye 51
favorite 0
quote 0
speaker, businesses are helping cut the boring deficit by paying tax on their profits but some multinationals appeared to be paying very low amounts, like starbucks and anderson. i wonder if the prime minister could tell the house whether he thinks the tax code needs investigating. >> it does need investigating. they're looking as hard as they can at what can be done. there are some things one can do nationally and that is where examining but because we live in a competitive global economy where companies can move capital around and move their headquarters and move money around you need greater international agreement. we have an important international agreement with switzerland which is going to recover billions of pounds in tax for our country but we need to work hard and that is where the g-8 can help so we can get a fair share of tax from companies given that britain is doing its part to cover corporation tax to the most competitive in world. >> the prime minister rightly created the wonderful work of the london emergency service--could he share with me concerns of the london public to s
speaker, businesses are helping cut the boring deficit by paying tax on their profits but some multinationals appeared to be paying very low amounts, like starbucks and anderson. i wonder if the prime minister could tell the house whether he thinks the tax code needs investigating. >> it does need investigating. they're looking as hard as they can at what can be done. there are some things one can do nationally and that is where examining but because we live in a competitive global...
33
33
tv
eye 33
favorite 0
quote 0
good point which is because of the fact we have a credible plan to get on top of debt to get on top of deficit to show you how i will pay we have record low interest rates low interest rates which would describe the shadow jones that is the key test of economic credibility this is propaganda from david cameron because more than half of the bonds that the government is selling is bought by the government it's called debt monetization which they don't call that monetization because they put it through the shadow banking system the global slush fund and they say no we didn't monetize that debt it went into the shadow banking system and we don't know who bought that debt wink wink because you can't government is buying its own debt so the tory government the coalition government is setting itself up to being in power during the spectacular crash of the guilt market the bond markets trading in the three hundred year high this is the biggest bubble since the tulip bulb bubble the south sea bubble the mississippi company bubble the nikkei bubble the nasdaq bubble the u.k. gilt bubble is the biggest b
good point which is because of the fact we have a credible plan to get on top of debt to get on top of deficit to show you how i will pay we have record low interest rates low interest rates which would describe the shadow jones that is the key test of economic credibility this is propaganda from david cameron because more than half of the bonds that the government is selling is bought by the government it's called debt monetization which they don't call that monetization because they put it...
35
35
tv
eye 35
favorite 0
quote 0
and spending about something in the order of you know two hundred three hundred billion dollars the deficit to about one and a half trillion and what that government spending did by bit fun and spending it encouraged the private sector to slow down the leverage ing so that's why we bounced up we now look like we're. looks ok in america it's only because the government still spending one of the half trillion dollars in the bad economy above what it rings in tax receipts now if they go the other direction not only would the government contribution go down but the private sector will probably start the leverage again that leads me to my second little child ok this is before we get into it let's go back to the beginning of what you've just saying there is arms and put it in context you wrote a book called the punk economics and you're saying that traditionally certain things are not included in the modeling of the economy and it goes back to what people's definition of money is bring that back again because in your definition of money you include things like debt i include the capacity of the p
and spending about something in the order of you know two hundred three hundred billion dollars the deficit to about one and a half trillion and what that government spending did by bit fun and spending it encouraged the private sector to slow down the leverage ing so that's why we bounced up we now look like we're. looks ok in america it's only because the government still spending one of the half trillion dollars in the bad economy above what it rings in tax receipts now if they go the other...
577
577
Nov 25, 2012
11/12
by
KNTV
tv
eye 577
favorite 0
quote 0
at how we reform our entitlements because health care costs continue to be the biggest driver of our deficits. >> reporter: mr. obama has insisted tax rates must rise. today a top democrat signalled openness to the republican stance. revenue could be raised by closing loopholes and limiting deductions. >> they have to go up either real tax rates or effective tax rates. >> reporter: tax begin this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> reporter: one ceo of honeywell said there's so much uncertainty hanging over the economy because business isn't confident that washington can go its basic job. he says people like me just aren't hiring. kate. >>> mike viqueira at the white house. senator john mccain softened his tone after vowing to block the nomination of u.n. ambassador susan rice to be hillary clinton's successor. he argued that rice damaged her credibility when she said the attack was a spontaneous protest to an anti-muslim video not a planned terror attack. today mccain was asked i
at how we reform our entitlements because health care costs continue to be the biggest driver of our deficits. >> reporter: mr. obama has insisted tax rates must rise. today a top democrat signalled openness to the republican stance. revenue could be raised by closing loopholes and limiting deductions. >> they have to go up either real tax rates or effective tax rates. >> reporter: tax begin this week amid tentative steps toward common ground. >> we can't go off the...
78
78
Nov 28, 2012
11/12
by
CSPAN
tv
eye 78
favorite 0
quote 0
social security has not added one penny to the deficit. for those who say there is good reason to push it off the table and wait, i would add a note of caution. small changes made today in social security will play out over the long run to buy us solvency for a long time. we should take perhaps all the security off the table but be very honest but we will achieve in the near term. i think we should create the equivalent of eight simpson- bowles region of a simpson- bowles, and come up with a plan to buy 75 years of salt with the rigid of solvency. i might add a wrinkle here. every 10 years, a similar commission ought to be created. let's not get into this mess where we have six months to go with social security. you know how important it is for people. people are devastated by the recession and their pension plans lost. it is important to us, our kids come and grandchildren. i think we should create a commission that will report back to congress before a vote by the end of the next calendar year. i want to talk about the two toughest eleme
social security has not added one penny to the deficit. for those who say there is good reason to push it off the table and wait, i would add a note of caution. small changes made today in social security will play out over the long run to buy us solvency for a long time. we should take perhaps all the security off the table but be very honest but we will achieve in the near term. i think we should create the equivalent of eight simpson- bowles region of a simpson- bowles, and come up with a...
197
197
Nov 27, 2012
11/12
by
FOXNEWSW
tv
eye 197
favorite 0
quote 0
the campaign promise is to cut the deficit in half. he said he would do it by focusing at the center of his proposal, going to be entitlement reform. we have seen none of that. more than four years. >> bret: interesting op-ed by bill archer and chris cox in "wall street journal" saying that the real outlay is $86 trillion of unfunded liabilities. obligations when you include all of the federal government, what it owes. that is obviously dwarfs the $16 trillion in debt we hold. >> which raises the question why are republicans allowing the entire debate to be about taxes? and about the war among republicans over holding the line on the norquist pledge or not. when what obama is proposing on raising the rates on the 2% is a triviality. it will reduce the deficit from $11.01 trillion to $1. $1.02 trillion. eight cents on the dollar. nothing. lunch money. it's rounding error. yet that is all the debate we are hearing. obama understands this. he is trying to, he is not trying to fix our fiscal issues and problems. he's trying to destroy the
the campaign promise is to cut the deficit in half. he said he would do it by focusing at the center of his proposal, going to be entitlement reform. we have seen none of that. more than four years. >> bret: interesting op-ed by bill archer and chris cox in "wall street journal" saying that the real outlay is $86 trillion of unfunded liabilities. obligations when you include all of the federal government, what it owes. that is obviously dwarfs the $16 trillion in debt we hold....
210
210
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 210
favorite 0
quote 0
the president has on on the table a proposal that reduces the deficit by $4 trillion. that is substance. so he has not waited for people to start smelling the jet fumes at national airport. he has actively put forward a plan. >> top republicans are saying president obama should be spending less time politicking out in the public and more time working behind closed doors in washington to try to hammer out a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're quite familiar with. look, we already know the president's a very good campaigner. we congratulate him on his reelection. what we don't know is whether he has the leadership qualities necessary to lead his party to a bipartisan agreement. >> and at least one top republican is now pushing members of his party to can you tell a deal with the president right now. tom cole of oklahoma urged fellow members to accept a plan tell a deal with the president right now. tom cole of oklahoma urged fe
the president has on on the table a proposal that reduces the deficit by $4 trillion. that is substance. so he has not waited for people to start smelling the jet fumes at national airport. he has actively put forward a plan. >> top republicans are saying president obama should be spending less time politicking out in the public and more time working behind closed doors in washington to try to hammer out a deal. >> rather than sitting down with lawmakers of both parties and working...
184
184
Nov 28, 2012
11/12
by
CNBC
tv
eye 184
favorite 0
quote 0
running deficits close to 4% to 5% over the next decade and that's cbo forecasts. if that occurs, you're talk about the debt getting more and more out of control. because the u.s. is the global reserve council, it's reliant on global reserve investment. >> just want to make sure that people have enough treasuries to trade. that's all it's about, charles. isn't that very generous? >> it is very generous. but left unaddressed, the fiscal problem is beginning to be a problem. but equally they don't want the full hit at this stage. so it is a matter of coming to some compromise, so you are going to have to see some kind of adjustment on the taxation side. that is what everyone is hopeful for. but it's still a political game. >> and we've been burned before. let's recap in the meantime a couple of developments in europe overnight. the european commission is expected to approve the restructuring plans of spags's na -- spain's national lenders today. a token price of -- yes -- one euro. the valencia-based lank was one of four to be nationalized in the past 12 months. and
running deficits close to 4% to 5% over the next decade and that's cbo forecasts. if that occurs, you're talk about the debt getting more and more out of control. because the u.s. is the global reserve council, it's reliant on global reserve investment. >> just want to make sure that people have enough treasuries to trade. that's all it's about, charles. isn't that very generous? >> it is very generous. but left unaddressed, the fiscal problem is beginning to be a problem. but...
31
31
tv
eye 31
favorite 0
quote 0
course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loath to accept a situation where they couldn't get any more money i guess look at as one of the sentiments of the last few days how does the lack of agreement affect the likelihood now do you think maybe of a complete exit of britain from the e.u. knowing that the anti bloc sentiment maybe is gaining strength across the country that is becoming a creasing increasingly likely there was a recent opinion poll which showed that fifty six percent of those polled wanted to leave the european union many people in this country are very unhappy with the terms of membership and this just goes to show the fact that. agreement couldn't be reached in brussels at this meeting of the european council shows that really britain doesn't fit into these projects of having greater centralization is not something that many politicians let alone the british public in the
course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loath to accept a situation where they couldn't get any more money i guess look at as one of the sentiments of the last few days how does the lack of agreement affect the likelihood now do you think maybe of a complete exit of britain from the e.u. knowing that the anti bloc sentiment...
326
326
Nov 25, 2012
11/12
by
KGO
tv
eye 326
favorite 0
quote 0
maybe a down payment on deficit reduction combined with a commitment to hit the big numbers. >> in addition to the fiscal cliff, some big vacancies coming up in the president's cabinet the state department, the treasury, even the cia, the general petraeus scandal, three vacancies now. >> and there's likely to be more shuffling in the president's cabinet. the president has signaled is favorite likely to be u.n. ambassador susan rice for secretary of state, she's faced a lot of opposition in house this week, republicans signed a letter not to appoint susan rice. the president hasn't made a final decision yet. if he went for it, despite this controversy over benghazi, he would get her through the senate. the top guy to replace timothy geithner, is jack lew. >> slightly less serious note we would like to hit, apparently some head shaving on the broadcast this morning. >> the first on "this week." this is a great story. the top spokesman for both of the democrats and republicans, whoever lost the election would shave their head. this is sean spicer was supposed to shave his head. the rnc spokesp
maybe a down payment on deficit reduction combined with a commitment to hit the big numbers. >> in addition to the fiscal cliff, some big vacancies coming up in the president's cabinet the state department, the treasury, even the cia, the general petraeus scandal, three vacancies now. >> and there's likely to be more shuffling in the president's cabinet. the president has signaled is favorite likely to be u.n. ambassador susan rice for secretary of state, she's faced a lot of...
194
194
Nov 27, 2012
11/12
by
CNBC
tv
eye 194
favorite 0
quote 0
i just want to see that deficit can down to something that's much more stable. at the moment, in the cliff is averted, u.s. debt could spiral up towards 90% of gdp, which would bring around some problems. we want to see as an economist the budget balance really. in terms of a split between revenues and government spending cuts, aim fairly neutral. i just want to see something done. >> something done near term and longer term. we'll also talk about the consumer outlook in a second. paul will stay with us. still to come on the show, u.p.s. will be very busy this holiday season delivering as many as 300 passengers per second as we approach christmas. the company put drivers through the paces to be ready for just about any situation. we'll go to u.p.s. boot camp next. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with
i just want to see that deficit can down to something that's much more stable. at the moment, in the cliff is averted, u.s. debt could spiral up towards 90% of gdp, which would bring around some problems. we want to see as an economist the budget balance really. in terms of a split between revenues and government spending cuts, aim fairly neutral. i just want to see something done. >> something done near term and longer term. we'll also talk about the consumer outlook in a second. paul...
291
291
Nov 26, 2012
11/12
by
KPIX
tv
eye 291
favorite 0
quote 0
. >> reporter: but raising taxes is only one-half of a deficit deal. republicans want democrats to raise the eligibility age for medicare. >> i want entitlement reforms. republicans put revenue on the table, democrats always promise to cut spending. i'm looking for more revenue for entitlement reform before the end of the year. >> reporter: so far democrats sound lex flexible. >> we've got to make sure there is seamless coverage of afordable health coverage for every american. my concern about raising the retirement age gaps in coverage or coverage that's way too expensive for seniors to purchase. >> reporter: there are many potential cliffs but higher taxes for structural changes for medicaid and medicare may be abong the biggest. bob corker argued for both warning everyone against punting this until next year or accepting phony savings that don't solve or at least address the underlying deficit and structural debt problems. charlie and norah? >> let me add my voice, congratulations you on this day enharnting one of the big jobs in journalism. they're
. >> reporter: but raising taxes is only one-half of a deficit deal. republicans want democrats to raise the eligibility age for medicare. >> i want entitlement reforms. republicans put revenue on the table, democrats always promise to cut spending. i'm looking for more revenue for entitlement reform before the end of the year. >> reporter: so far democrats sound lex flexible. >> we've got to make sure there is seamless coverage of afordable health coverage for every...
235
235
Nov 27, 2012
11/12
by
CNBC
tv
eye 235
favorite 0
quote 0
we've got a 20 trillion a year deficit. i would like to see what people would want accomplishment in terms of entitlement reform or pro-growth policies. so many things to think about but little emphasis on that speech. as a business owner when you watch that, isn't there anything else in your universe that makes sense to talk about other than letting it expire on the high end? >> i think that this idea of focusing on the 250,000 and above which is not the high end in new york city for example in san francisco and los angeles and washington d.c. >> think about all of the things we with talk about to get back to 4% growth. >> it's a symbol. it's become a symbol. >> we need answers here. >> i agree. i think what it's become is a simp symbol and gesture that those making more should pay more. it's been a distraction. in fact, if we as you just pointed out if we let them expire on everyone at 250 or more, it wouldn't make a difference and negative impact. >> negative to small business owner. >> that's one of the points that's go
we've got a 20 trillion a year deficit. i would like to see what people would want accomplishment in terms of entitlement reform or pro-growth policies. so many things to think about but little emphasis on that speech. as a business owner when you watch that, isn't there anything else in your universe that makes sense to talk about other than letting it expire on the high end? >> i think that this idea of focusing on the 250,000 and above which is not the high end in new york city for...
337
337
Nov 26, 2012
11/12
by
CNNW
tv
eye 337
favorite 0
quote 1
the whole tea party movement began as a principled protest against deficits and debt. people saying it was generational theft. the problem is if you start elevating the anti-tax pledge, that anti-tax absolutism, ahead of making a deal on deficit and debt, you're not going to get anywhere. only way you pay it down is if you agree we have to raise revenues. you can make an argument that the tea party movement should get behind a grand bargain, a deficit and debt deal, if they're serious about what they see and what they said was an existential threat to our country. we need to disenthrall ourselves from the extreme voices who choked off reasonable debate in washington. >> don't fear the grover. best quote of the day. john avalon, always a pressure. thank you for coming on. >>> looming fiscal cliff you're hearing so much about is one reason republicans are having a change of heart on this whole no tax pledge. the term fiscal cliff evokes scary imagery, but it is not so much a cliff as it is a set of stairs with the spending cuts and tax hikes getting more painful with eac
the whole tea party movement began as a principled protest against deficits and debt. people saying it was generational theft. the problem is if you start elevating the anti-tax pledge, that anti-tax absolutism, ahead of making a deal on deficit and debt, you're not going to get anywhere. only way you pay it down is if you agree we have to raise revenues. you can make an argument that the tea party movement should get behind a grand bargain, a deficit and debt deal, if they're serious about...
173
173
Nov 22, 2012
11/12
by
FOXNEWSW
tv
eye 173
favorite 0
quote 0
>> regarding the deficit. cbo said if knock is done with the fiscal cliff we'll get $800 billion per year added to the deficit. and obama-care amounts for $100 billion of that. it's $100 boyle in spending that doesn't currently exist. if we are going to do everything we can to keep the economy growing the easiest thing we can cut is spending that's not yet taking place. but i think the bottom line is you have got to start from an absolute beginning where you look at everything equally. if obama-care is the most important program then it survives. if there are other thing that are more important it does not survive. we take one thing off the table from the outset this is not a true negotiation. you look at everything that exists and make decisions about each of them based on their own merits. not take one single bill and taking its off the table. particularly a bill that 47% of americans still oppose. rick: the number of people who still don't know exactly what obama-care is all about, whether they would benefi
>> regarding the deficit. cbo said if knock is done with the fiscal cliff we'll get $800 billion per year added to the deficit. and obama-care amounts for $100 billion of that. it's $100 boyle in spending that doesn't currently exist. if we are going to do everything we can to keep the economy growing the easiest thing we can cut is spending that's not yet taking place. but i think the bottom line is you have got to start from an absolute beginning where you look at everything equally. if...
143
143
Nov 21, 2012
11/12
by
CSPAN
tv
eye 143
favorite 0
quote 1
the cbo projects that under a plausible set of assumptions, the budget deficit would still be greater than 4% of gdp in 2018, assuming the economy has returned with potential by then. moreover, under the cbo projection, could deficit and raise your federal debt to gdp would subsequently returned to an upward trend. we should all understand that long-term projections of ever increasing deficits will never actually come to pass because the willingness of plunder to continue to fund the government can only be sustained by irresponsible fiscal plans and actions. host: that was ben bernanke at the economic club of new york yesterday. looking for your confidence in the u.s. economy. already getting some comments on facebook -- abroad we are taking your comments on twitter, facebook, and calls. we start with joseph from maryland on the democratic line. thanks for joining us. caller: good morning. the issue is -- there are multiple variables. it's not just the fiscal cliff. our economy is interdependent, we are dependent on europe and china and those economies are slowing down. inevitably, th
the cbo projects that under a plausible set of assumptions, the budget deficit would still be greater than 4% of gdp in 2018, assuming the economy has returned with potential by then. moreover, under the cbo projection, could deficit and raise your federal debt to gdp would subsequently returned to an upward trend. we should all understand that long-term projections of ever increasing deficits will never actually come to pass because the willingness of plunder to continue to fund the government...
287
287
Nov 28, 2012
11/12
by
CNBC
tv
eye 287
favorite 0
quote 0
on a sustainable path towards long-term economic growth and deficit reduction. hard to believe he could get through all of that and not use the term "rise above." he's deliberately leaving that out. he goes on to say the economic consequences of not rising above, he could have said, but he said of inaction, by our government could have been terrible. severe negative impact on every taxpayer and a painful return to recession. the e-mail includes a link to help employees find their representatives in washington and send an e-mail. i like this, but everybody -- send the link to the white house. rise above. i'm not wearing one today. >> i noticed. >> i'm not. because i think the white house is thumbing their nose at me. >> at you personally? >> at me personally. i'm wearing that, they're saying no, joe, no. did you read the front page of "the wall street journal"? hardening their positions. >> the democrats certainly are. what i wonder at this point is if the president by campaigning so hard to push it this way is going to push part of the wing of his party so far t
on a sustainable path towards long-term economic growth and deficit reduction. hard to believe he could get through all of that and not use the term "rise above." he's deliberately leaving that out. he goes on to say the economic consequences of not rising above, he could have said, but he said of inaction, by our government could have been terrible. severe negative impact on every taxpayer and a painful return to recession. the e-mail includes a link to help employees find their...
252
252
Nov 25, 2012
11/12
by
KGO
tv
eye 252
favorite 0
quote 0
not necessarily the whole big deal but maybe a down payment on deficit reduction combined with a commitment to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's likely to be more shuffling. of course, the big controversy right now over who is going to replace hillary clinton at the state department. the president has signaled is favorite to be ambassador susan rice and faced opposition in the senate and house. this week, 97 house republicans signed a letter telling the president don't appoint susan rice. she came out this week and defended herself and the president indicated he would like to pick her although he said he didn't make a final decision. i believe if he went for it despite the controversy over what happened in benghazi he would get her through. the leading candidate for treasury is probably the white h
not necessarily the whole big deal but maybe a down payment on deficit reduction combined with a commitment to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's likely to be more shuffling. of course, the...
115
115
Nov 22, 2012
11/12
by
CSPAN
tv
eye 115
favorite 0
quote 0
medicare, medicaid, the chief drivers of our president -- deficit. we made a lot of progress, but there is still spending we have to cut. the big bottleneck is republicans in congress on revenue and how much they're willing toome from. democrs wi also have to step up and do some tough things. the notion that somehow these deficits a our debt are not a threat to our national security and economic future is something i cannot -- disagree with more strongly, as does the predent. there are commentators on the left that suggest that -- we should not deal with it at all. we have to deal with it. think about the damage -- let's say we could reach an agreement. i happen to believe, i am not an economist by training, but we have been around the south to understand -- th would be a great driver for our economy. we are over performing the rest of the world right now. if we can actually -- for the business community and the american people say we have our fiscal house in order for a 20 period and will still be able to invest in education and technology and rearc
medicare, medicaid, the chief drivers of our president -- deficit. we made a lot of progress, but there is still spending we have to cut. the big bottleneck is republicans in congress on revenue and how much they're willing toome from. democrs wi also have to step up and do some tough things. the notion that somehow these deficits a our debt are not a threat to our national security and economic future is something i cannot -- disagree with more strongly, as does the predent. there are...
265
265
Nov 29, 2012
11/12
by
FOXNEWSW
tv
eye 265
favorite 0
quote 0
they will waste your taxpayer dollars and overspend and continue to raise yourr deficit unbelievable numbers that you can't find on yourr calculator. this is not a deal and kicking the can down the road . hear the president to come to a table and find a deal. who believes that? he had four years to do that and did not do it. >> steve: smoosomeone who will not let the president of the united states raise taxes is john boehner. that is not happening. >> brian: he said revenue on the table don't act like we are not budging. >> steve: tim geithner is showing up. boehner and geithner and company come over and you better have a plan. more on this later on. >> gretchen: now the rest of the headlines. gitmodetainees. are they coming back to america now. or feinstein said possibility. the story came to light after fox news turned up a document. feinstein's office put it on line. that was his first executive order when he was elected president. he said he would close gitmo. it is still open. abbas's turn to ask for palestinian statehood. expected to get his wish . he wants palestine to be upda
they will waste your taxpayer dollars and overspend and continue to raise yourr deficit unbelievable numbers that you can't find on yourr calculator. this is not a deal and kicking the can down the road . hear the president to come to a table and find a deal. who believes that? he had four years to do that and did not do it. >> steve: smoosomeone who will not let the president of the united states raise taxes is john boehner. that is not happening. >> brian: he said revenue on the...
251
251
Nov 26, 2012
11/12
by
CNNW
tv
eye 251
favorite 0
quote 1
let's have a responsible solution that tackles taxes, that tackles entitlements, that tackles the deficit. let's have a comprehensive approach here that is a serious approach, no more kicking the can down the road. let's do it for real this time. >> fewer contortions usually better. i think we can all agree on that. anna navarro, great to see you any time of day. >>> all right, guys, here's the score card for the no tax pledge. 238 house members and 41 senators have signed the pledge. of those, only three are actually democrats and two of those three democrats will be out of office in january. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. >>> so the heated debate
let's have a responsible solution that tackles taxes, that tackles entitlements, that tackles the deficit. let's have a comprehensive approach here that is a serious approach, no more kicking the can down the road. let's do it for real this time. >> fewer contortions usually better. i think we can all agree on that. anna navarro, great to see you any time of day. >>> all right, guys, here's the score card for the no tax pledge. 238 house members and 41 senators have signed the...
83
83
Nov 21, 2012
11/12
by
CSPAN2
tv
eye 83
favorite 0
quote 0
there still are training deficit. they are not all fully trained and there will be some attrition at the time. so it's tough to bring the force to capacity. >> from my good as a generator and trainer to the national spectrum if he will double us to the effect on the ground. i would merely highlight that in the early days, this is very much afghan treatment, we focused on quantity, filling the gaps, putting quantity out into the field. what we've started to do now in earnest is consolidate that by which i mean introduce my tactical training and specifically introduce collective command level training so we bring the formation from the field, put them to repackage, which is hopes to consolidate and improve the ansf ability. but it wouldn't necessarily keep me awake at night, but it's a very obvious challenge. it's the next step in developing the ansf. >> it all sounds so perfect. everything is just as it should. >> it doesn't keep you awake at night? >> i can run a herb range of operation issues, but in ansf, what is re
there still are training deficit. they are not all fully trained and there will be some attrition at the time. so it's tough to bring the force to capacity. >> from my good as a generator and trainer to the national spectrum if he will double us to the effect on the ground. i would merely highlight that in the early days, this is very much afghan treatment, we focused on quantity, filling the gaps, putting quantity out into the field. what we've started to do now in earnest is consolidate...
202
202
Nov 23, 2012
11/12
by
CNNW
tv
eye 202
favorite 0
quote 0
you can't continue to run these trillion-dollar deficits. but when you get down to the nitty-gritty about what you're actually going to cut, that's what's really hard, joe. >> if they don't fix it, it's going to be in everybody's backyard. thanks so much. >> that's right. >>> does the israel/gaza cease-fire prove that the u.s. can negotiate with what it's called a terror group? what about al qaeda? the implications next. load your, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. ...and now... you! [ giggles ] ♪ the one and only, cheerios >>> fresh clashes between protesters and riot police in cairo within the past hour. demonstrations have been goin
you can't continue to run these trillion-dollar deficits. but when you get down to the nitty-gritty about what you're actually going to cut, that's what's really hard, joe. >> if they don't fix it, it's going to be in everybody's backyard. thanks so much. >> that's right. >>> does the israel/gaza cease-fire prove that the u.s. can negotiate with what it's called a terror group? what about al qaeda? the implications next. load your, with its foot-activated lift gate. but...
175
175
Nov 29, 2012
11/12
by
FOXNEWSW
tv
eye 175
favorite 0
quote 0
when that happens it makes debt and deficits a lot smaller by comparison because you get more government revenue. you're right, it is absolutely a core principle of republicans we don't want taxes to go up to get more government. if we have tax reform effort that will lower the tax base, get more revenue and fuel economic growth that is something republicans will embrace. there could be revenue generated by closure of loopholes and deductions. we can't accomplish anything by raising tax that is good good for the economy and we're very concerned about the economy. martha: it will be interesting to see what timothy geithner brings to these discussions today. we'll be reporting on it and you will be there on the hill. thank you very much. >> we'll look forward to it. thanks, martha. martha: all right. bill: there is a controversial vote set to take place today at the united nations and the u.s. is expected to vote against it. eric shawn's live at the u.n. eric, good morning to you, what is the vote about first of all and what's expected to happen? >> reporter: good morning, bill. the vote o
when that happens it makes debt and deficits a lot smaller by comparison because you get more government revenue. you're right, it is absolutely a core principle of republicans we don't want taxes to go up to get more government. if we have tax reform effort that will lower the tax base, get more revenue and fuel economic growth that is something republicans will embrace. there could be revenue generated by closure of loopholes and deductions. we can't accomplish anything by raising tax that is...
256
256
Nov 26, 2012
11/12
by
CNBC
tv
eye 256
favorite 0
quote 0
catalonia is one of those regions that still has very large deficits, as well. so the politics in spain slightly skewed as they will be, but not so much pressure on rajoy at the moment. unlikely to ask for assistance in the short term. we also have another euro group meeting take, back in brussels, yes, i know, we seem to have one every week. they may come up with a long term financing deal for greece. finally talking about debt forgiveness in greece which is what we all know has got to happen. whether it can happen before the german elections in the fall next year is a mute point. anyway, that's where we stand. fairly down beat for equities and yields a little bit mixed. back to you. >> all right. thank you very much. let's get back to the fiscal cliff. we've been talking about the issues of taxes. as we mentioned, warren buffett calling for a minimum tax for the wealthy. he starts with suppose that an investor you admire and trust comes to you with an investment idea. this is a good one, he says, i'm in it and i think you should be, too. would your reply possi
catalonia is one of those regions that still has very large deficits, as well. so the politics in spain slightly skewed as they will be, but not so much pressure on rajoy at the moment. unlikely to ask for assistance in the short term. we also have another euro group meeting take, back in brussels, yes, i know, we seem to have one every week. they may come up with a long term financing deal for greece. finally talking about debt forgiveness in greece which is what we all know has got to happen....
302
302
Nov 21, 2012
11/12
by
CNBC
tv
eye 302
favorite 0
quote 0
. >>> in global market news, japan logging its fourth straight trade deficit in october. the european debt crisis with china over a territorial dispute actually reduced exports. and we continue to follow the latest developments out of the middle east. secretary of state hillary clinton traveled to the west bank this morning to meet with palestinian president mahmoud abbas. abbas heads the west bank, while the palestinian militant group hamas controls the gaza strip. hamas is considered a terrorist organization by the united states because it continues to refuse to recognize israel as a state. the united states has a policy of not negotiating with terrorist organizations. that's why she's not speaking with anyone in gaza. her visit comes hours after a meeting with israeli officials that lasted late into the night. >>> let's take a look at the markets this morning. we already showed you the futures. they are down slightly. dow futures down by about 23 points. in europe this morning, you'll see that -- also, by the way, a lot happened yesterday. ben bernanke started talking,
. >>> in global market news, japan logging its fourth straight trade deficit in october. the european debt crisis with china over a territorial dispute actually reduced exports. and we continue to follow the latest developments out of the middle east. secretary of state hillary clinton traveled to the west bank this morning to meet with palestinian president mahmoud abbas. abbas heads the west bank, while the palestinian militant group hamas controls the gaza strip. hamas is considered...
250
250
Nov 27, 2012
11/12
by
CNNW
tv
eye 250
favorite 0
quote 0
the president has on the table a proposal that reduces the deficit by $4 trillion, that does so in a balanced way, that includes substantial cuts to discretionary, nondefense spending over a trillion dollars, that includes revenue and includes $340 billion in savings from our health care entitlement programs. >> joining me now from new york, rick newman, chief business correspondent for u.s. news and world report. we like to call him our go to explainer in chief. rick, good to see you. >> hi, brooke. >> hate to beat a dead horse here, but you've been writing about republicans beginning to abandon their no tax pledge. we're talking about this teeny tiny handful of republicans here. do you think this is the beginning of a wave? >> we need something like 100 republicans or more for something like this to get through the house. but when you start to see some prominent republicans who have leadership positions such as lindsey graham and bob corker in the senate and peter king in the house, they haven't said overall now we changed our tune, we're in favor of raising taxes, what they said i
the president has on the table a proposal that reduces the deficit by $4 trillion, that does so in a balanced way, that includes substantial cuts to discretionary, nondefense spending over a trillion dollars, that includes revenue and includes $340 billion in savings from our health care entitlement programs. >> joining me now from new york, rick newman, chief business correspondent for u.s. news and world report. we like to call him our go to explainer in chief. rick, good to see you....
123
123
Nov 29, 2012
11/12
by
CSPAN2
tv
eye 123
favorite 0
quote 0
[inaudible conversations] >>> to find out more and watch event on deficit reduction we have created a special website you can watch video from capitol hill and white house and read the tweets. that's at c-span.org/fiscalcliff. ! new a few moments we'll hear about the u.n. vote of making palestine a nonmember observer state. from a state department spokesman and from british foreign secretary william hag in about ten minutes. and after that, we'll reair the hearing on amtrak's operations. several live events to telling you about tomorrow. from london they release the report on british media practices that including phone-hacking of people in the news. .. is $50,000. almost four to with the rest costs. and the vast majority of producers who use public schools. we could take the money we spend today, every public school system and save billions of dollars per year at the same or better outcomes. >> deputy secretary of state, bill burns' special envoy met with houston and president ,-com,-com ma mahmoud abbas in new york city to discuss thursday's vote in the united nations to elevate pal
[inaudible conversations] >>> to find out more and watch event on deficit reduction we have created a special website you can watch video from capitol hill and white house and read the tweets. that's at c-span.org/fiscalcliff. ! new a few moments we'll hear about the u.n. vote of making palestine a nonmember observer state. from a state department spokesman and from british foreign secretary william hag in about ten minutes. and after that, we'll reair the hearing on amtrak's...
296
296
Nov 26, 2012
11/12
by
FOXNEWSW
tv
eye 296
favorite 0
quote 0
>> steve: states can't deficit finance. but by statute, our federal government can. that's why we're $16 trillion in the hole. >> brian: when you are tired about talk being this country, let's talk about another. a stunning announcement out of israel, ehud barak calling it quits. leeland vittert got that news and is here to tell us what it's like inside jerusalem with that big news. what's the story? how is this playing? >> brian, shocking but not all that surprising. ehud barak is trying to go out on a good note. over the past couple of years, not that politically popular. did very well last week in the latest gaza war. got a popularity boost in the polls. time to move on. not only is he the former defense minister, but former prime minister. but as of late had not been doing that well politically. looked like he was not going to get a loft votes on january 22. so he bows out. he says i'm gog retire from public life now for the second time, which we'll see if it happens. this time. what's interesting, he's israel's most decorated soldier and successful defense minis
>> steve: states can't deficit finance. but by statute, our federal government can. that's why we're $16 trillion in the hole. >> brian: when you are tired about talk being this country, let's talk about another. a stunning announcement out of israel, ehud barak calling it quits. leeland vittert got that news and is here to tell us what it's like inside jerusalem with that big news. what's the story? how is this playing? >> brian, shocking but not all that surprising. ehud...
153
153
Nov 29, 2012
11/12
by
CNBC
tv
eye 153
favorite 0
quote 0
but we've got to tweak it because that exponential function of increasing the deficit and increasing the aggregate debt against the backdrop ofactuarial certainty is really concerning. so the market seems to be very, very much focused on events and is driven by those reactions as we've seen. there's a lot more volatility creeping in. >> and given what we're talking about, all the risks you've laid out, what's getting some attention is the fact that the vix is now not the above 20 for four straight months. the last time we had a stretch that long was heading in to the early part of 2007. so do you interpret this as a good sign or is this in your kind of reasons to be cautious camp? >> i'd say reasons to be cautious. people forget what the vix is actually about. it really measures future performance or participation. so if you get what we refer to as complacency, you're not seeing very many bets against a downturn or even hedges against a downturn. so if everybody is getting on one side of the trade, similar to what happened with gold last year, when everybody was on the gold trade, we
but we've got to tweak it because that exponential function of increasing the deficit and increasing the aggregate debt against the backdrop ofactuarial certainty is really concerning. so the market seems to be very, very much focused on events and is driven by those reactions as we've seen. there's a lot more volatility creeping in. >> and given what we're talking about, all the risks you've laid out, what's getting some attention is the fact that the vix is now not the above 20 for four...
268
268
Nov 29, 2012
11/12
by
CNNW
tv
eye 268
favorite 0
quote 1
and that is, we must ask the wealthy to pay a little more so we can get these deficit eliminated. get our debt paid down and start growing the economy again. that's not unusual or new to any of us. nobody in the country. so i think the president is sticking to what he said throughout the campaign and as i said 3 million more people voted for him than voted for the other guy. >> with that said, on taxes, if there's any chance on your side, is there any chance on your side to come down to the form of a smaller tax hike on incomes above $250,000 or would you consider keeping rate it is same at $250,000 and raising them only on higher incomes, say half a million or $1 million a year? >> i think it's all part of the negotiations. we know where the president is and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000, some say even a million. all of that is going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he will do that. but the president stands at 250. which is below even wher
and that is, we must ask the wealthy to pay a little more so we can get these deficit eliminated. get our debt paid down and start growing the economy again. that's not unusual or new to any of us. nobody in the country. so i think the president is sticking to what he said throughout the campaign and as i said 3 million more people voted for him than voted for the other guy. >> with that said, on taxes, if there's any chance on your side, is there any chance on your side to come down to...
207
207
Nov 23, 2012
11/12
by
CSPAN
tv
eye 207
favorite 0
quote 0
as a clinician that these kids and families and our clinics in seeing the major education deficit on the fields today in all sports frankly, but also seeing the outcomes. some of the things that raise talking about in terms of understanding forces is really important and we just completed some work in developing measures they are using so we can understand their cognitive symptom kinds of effects of these to kids. i think that's very, very important outcome to what we need to link up with the games. from the perspective -- actually was at the aspen institute this summer, where u.s. nabobs question about, should we be eliminating football -- tackling a football before the age of 14. at that point i couldn't speak, although we did speak that night. one of the things i said as we've got to change things. in its current form of credit problem. although the age limit is something that has to be further studied here it is going to finish my comments with research, but maybe starts with research in trying to understand what evidence do we have. one of the things that is hopeful that i've se
as a clinician that these kids and families and our clinics in seeing the major education deficit on the fields today in all sports frankly, but also seeing the outcomes. some of the things that raise talking about in terms of understanding forces is really important and we just completed some work in developing measures they are using so we can understand their cognitive symptom kinds of effects of these to kids. i think that's very, very important outcome to what we need to link up with the...
116
116
Nov 22, 2012
11/12
by
CSPAN2
tv
eye 116
favorite 0
quote 0
as a clinician that these kids and families and our clinics in seeing the major education deficit on the fields today in all sports frankly, but also seeing the outcomes. some of the things that raise talking about in terms of understanding forces is really important and we just completed some work in developing measures they are using so we can understand their cognitive symptom kinds of effects of these to kids. i think that's very, very important outcome to what we need to link up with the games. from the perspective -- actually was at the aspen institute this summer, where u.s. nabobs question about, should we be eliminating football -- tackling a football before the age of 14. at that point i couldn't speak, although we did speak that night. one of the things i said as we've got to change things. in its current form of credit problem. although the age limit is something that has to be further studied here it is going to finish my comments with research, but maybe starts with research in trying to understand what evidence do we have. one of the things that is hopeful that i've se
as a clinician that these kids and families and our clinics in seeing the major education deficit on the fields today in all sports frankly, but also seeing the outcomes. some of the things that raise talking about in terms of understanding forces is really important and we just completed some work in developing measures they are using so we can understand their cognitive symptom kinds of effects of these to kids. i think that's very, very important outcome to what we need to link up with the...
854
854
Nov 26, 2012
11/12
by
KNTV
tv
eye 854
favorite 0
quote 0
. >> the goal here is to get a deal that reduces the deficit, and the battle lines have been pretty clear right now. the president campaigned rolling back the tax breaks for the highest earnings and republicans argued spending cuts are the way to get the deficit under control. are we starting to see a softening of those positions on both sides? >> reporter: here's what there's agreement on. both sides, both parties agree that the wealthiest have to pay more, and the question now and the sticking point at this stage is how do you go about making the wealthiest pay more? do you do it by raising the tax rates? that's what president obama wants to do. wants to raise the tax freights 35% where they are now up to where they were during the clinton years at 39% what. republicans are arguing is you don't have to do that. you can get all of the money or some of the money that you want by getting rid of loopholes so doing full-fledged tacts reform at next year but don't raise the tax rates at all and somehow get rid of the loopholes. the white house says, hey, that math doesn't work. >> let me pick
. >> the goal here is to get a deal that reduces the deficit, and the battle lines have been pretty clear right now. the president campaigned rolling back the tax breaks for the highest earnings and republicans argued spending cuts are the way to get the deficit under control. are we starting to see a softening of those positions on both sides? >> reporter: here's what there's agreement on. both sides, both parties agree that the wealthiest have to pay more, and the question now and...
221
221
Nov 27, 2012
11/12
by
CNBC
tv
eye 221
favorite 0
quote 1
we have to talk about comprehensive tax reform and talk about spending cuts and talk about debt and deficit reduction. pulling out an isolated piece like raising rates or taking a mortgage interest deduction or whatever it may be, it doesn't serve a purpose. you have to look at the entire problem. if you don't do that, we're all dead. >> where does norquist fit in? has your own view on the pledge evolved? >> i'm not for increasing tax rates. i'm for reforming the code, raising the base upon which those rates might be applied. i'm not for raising the rates. >> why is this attracting a -- why is revenue in general attracting the share of the debate? i heard complaints that say we're not giving due attention to reform, to entitlements. is it just that taxes are sexy, is that it? >> if the media would stop asking about it we could talk about comprehensive reform of entitlements and of spending. it's a complicated, complex process. if you pull out one part of it and have a debate over that part, you're redirecting america's focus from where it ought to be which is comprehensive reform of spendin
we have to talk about comprehensive tax reform and talk about spending cuts and talk about debt and deficit reduction. pulling out an isolated piece like raising rates or taking a mortgage interest deduction or whatever it may be, it doesn't serve a purpose. you have to look at the entire problem. if you don't do that, we're all dead. >> where does norquist fit in? has your own view on the pledge evolved? >> i'm not for increasing tax rates. i'm for reforming the code, raising the...